Section 179 tax deductions
2025 Section 179 Tax Deductions in Alabama
Bill Smith Buick GMC wants to help you save money on your 2025 taxes.
Deduct up to 100% of the purchase price of a vehicle that you buy for business purposes. Buy a vehicle before year end, and deduct that from your business taxes
Keep reading to learn more.
How Do Section 179 Tax Deductions Work?
A Section 179 deduction helps offset the purchase cost of business property, including vehicles.
To claim a Section 179 deduction, you must:
- Purchase the vehicle for business purposes.
- Use the vehicle for business more than 50% of the time.
- Only deduct the business use of the car or truck.
- Take the deduction in the year you buy the vehicle and place it in service.
- Understand Section 179 limits, such as the annual deduction limits.
- Reduce your depreciable basis in the car by the amount of the deduction.
- Not claim the standard mileage tax deduction in the same year.
Let us know if you have any questions. Our finance specialists would love to help.
PUT FEDERAL TAX DEDUCTIONS AND CREDITS TO WORK FOR YOU
You could get more tax benefits when you purchase the vehicles that you need. Both large and small businesses may be eligible to immediately deduct up to 100% of the purchase price of qualifying vehicles. Beginning in 2023, businesses that purchase qualifying electric vehicles may qualify for a federal income tax credit of up to $7,500.
ELIGIBLE VEHICLES
UP TO 100% OF PURCHASE PRICE
Large trucks, cargo vans and 10+ passenger vans - GVWR greater than 6,000 lbs.
- Sierra 1500/2500/3500 - Standard and Long Bed
- Sierra 3500 HD Chassis Cab Savana Cargo Van
- Savana Passenger Van (10+ passenger seating only)
- Savana Cutaway
UP TO $25,000
PLUS UP TO 80% OF THE REMAINING PURCHASE PRICE PLUS STANDARD DEPRECIATION DEDUCTION
Other trucks, passenger vans and SUVs - GVWR greater than 6,000 lbs.
- Sierra 1500 - Short Bed (including Denali)
- Yukon (including Denali)
- Yukon XL (including Denali)
- Acadia (including Denali)
- HUMMER EV Pickup
- HUMMER EV SUV
- Canyon
- Savana Passenger Van (all except 10+ passenger seating)
UP TO $20,000
All vehicles - GVWR 6,000 lbs. or less.
- Terrain (including Denali)
FIRST YEAR VEHICLE DEPRECIATION LIMITS FOR 2023
Up To $25,000 Plus Up To 80% Of The Remaining Purchase Price Plus Standard Depreciation Deduction.
- Enclave
- Enclave Avenir
UP TO $20,200
- Encore GX
- Envision
- Envision Avenir
Bill Smith Buick GMC
1940 2nd Avenue NW Cullman, AL 35055Sales Hours
| Sales | |
|---|---|
| Monday | 8:30AM - 6:00PM |
| Tuesday | 8:30AM - 6:00PM |
| Wednesday | 8:30AM - 6:00PM |
| Thursday | 8:30AM - 6:00PM |
| Friday | 8:30AM - 6:00PM |
| Saturday | 8:30AM - 6:00PM |
| Sunday | Closed |